Scryb's Dec. 31 cash at $1.2-million

Executive Summary

• Scryb Inc. reports a 50 % increase in cash to $1.2 M and a 27 % reduction in total liabilities to $1.9 M for Q1 2026, with further liability decline to $0.9 M by Feb 24.
• Operating expenses fell 82 % YoY to $327 k, cutting the monthly burn rate to roughly $100 k and improving liquidity.
• Scryb remains the largest shareholder of Cybeats, holding ~75 M shares (≈36.5 % stake) valued at ~$14 M; a new partnership between Cybeats and Keysight Technologies was announced on Feb 24.

Key Details

• Cash Position: $1.2 M (up 50 % from $0.8 M at Sept 30, 2025).
• Working Capital: ≈$2.0 M (up 68 % from $1.2 M).
• Total Liabilities: $1.9 M (down 27 % from $2.6 M); further reduced to ~$0.9 M as of Feb 24 (‑52 % vs quarter‑end).
• Operating Expenses: $327 k for the quarter (‑82 % YoY vs $1.8 M).
• Monthly Burn Rate: ≈$100 k, with additional cost‑reduction initiatives planned for 2026.
• Cybeats Ownership: ~75 M common shares (~36.5 % of Cybeats), market value ≈$14 M based on $0.185/share (Feb 24).
• CEO Quote: “We firmly believe Scryb remains undervalued…we are actively pursuing new high‑conviction opportunities…” – James Van Staveren, CEO.
• Cybeats–Keysight Partnership: Announced Feb 24; Keysight provides integrated SBOM‑driven security workflows for enterprise customers, representing a meaningful commercial development for Cybeats.

Notable Quotes

“We firmly believe Scryb remains undervalued. Following substantial improvements to our balance sheet, the company continues to trade at a more than 50 % discount to the net asset value (NAV) of our holdings.” – James Van Staveren, CEO, Scryb Inc.